India shifts trade strategy, favours PTAs over FTAs with South Africa, Mercosur & others: Official
- Posted on August 12, 2026
- By Business News Today
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- 1 min read
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India shifts trade strategy, favours PTAs over FTAs with South Africa, Mercosur & others: Official
India will pursue preferential trade agreements with developing economies like South Africa. This approach opens select product categories instead of deep market access. India is also negotiating preferential trade agreements with Mercosur and exploring options with Mexico. The government emphasizes inclusive stakeholder consultations for all trade pacts. This consultative style contrasts with previous trade negotiation practices.
